The term "ultimate purchaser" refers to the first individual who buys a new automobile for personal use, not for resale. This definition is outlined in 15 USCS § 1231 (g) and specifically excludes car dealers purchasing vehicles in their capacity as dealers. Essentially, the ultimate purchaser is the end user who intends to keep the vehicle for their own use.
The concept of an ultimate purchaser is primarily used in consumer protection laws related to automobile sales. It helps to clarify the rights and responsibilities of consumers, particularly concerning warranties and disclosures. This term is relevant in areas such as:
Individuals can utilize legal forms to document their purchase or to assert their rights as ultimate purchasers, ensuring they are protected under applicable laws.
Here are a couple of examples of abatement:
Example 1: Jane buys a new sedan from a dealership for her daily commute. She is the ultimate purchaser because she intends to use the car for personal transportation.
Example 2: John, a car dealer, buys a new truck to sell it at his dealership. He is not considered the ultimate purchaser because he is purchasing the vehicle for resale purposes.
The primary statute defining "ultimate purchaser" is 15 USCS § 1231 (g), which is part of the federal laws governing commerce and trade, specifically related to automobile information disclosure.
| Term | Definition |
|---|---|
| Dealer | A person or business that sells vehicles as part of their trade or business. |
| Purchaser | A general term for anyone who buys a vehicle, not limited to personal use. |
| End User | A person who ultimately uses the product, similar to the ultimate purchaser but may include used vehicles. |
If you believe you are the ultimate purchaser of a vehicle, ensure you keep all purchase documentation, such as receipts and contracts. This information may be crucial for warranty claims or consumer protection issues. You can also explore US Legal Forms for templates that can help you document your purchase or assert your rights effectively. If your situation becomes complex, consider consulting a legal professional for specific guidance.
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| Attribute | Details |
|---|---|
| Definition | The first buyer of a new vehicle for personal use. |
| Legal Reference | 15 USCS § 1231 (g) |
| Exclusions | Dealers purchasing for resale. |
An ultimate purchaser is the first person who buys a new vehicle for personal use, excluding dealers.